US Pensions - US slams door on pension scheme transfers

A double-edged ruling by the US Inland Revenue Service has slammed the door shut on the prospect of financial institutions buying up pension plans for profit, but at the same time has laid out a framework of principles for how such transactions could be permitted in the future.

The IRS ruling stated that transferring sponsorship of a frozen pension plan to an unrelated company without a simultaneous shift in business assets would result in the plan no longer qualifying for tax benefits. The IRS

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The future of life insurance

As the world constantly evolves and changes, so too does the life insurance industry, which is preparing for a multitude of challenges, particularly in three areas: interest rates, regulatory mandates and technology (software, underwriting tools and…

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